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irinina [24]
4 years ago
15

On January 1, Wei company begins the accounting period with a $42,000 credit balance in Allowance for Doubtful Accounts.

Business
1 answer:
Ugo [173]4 years ago
7 0

Answer:

Wei company General Journal

Feb 01

Dr Allowance for doubtful accounts $9,200

Cr Accounts receivable—Oakley Co. $2,100

Cr Accounts receivable—Brookes Co. $7,100

June 05

Dr Accounts receivable—Oakley Co. $2,100

Cr Allowance for doubtful accounts $2,100

June 05

Dr Cash $2,100

Cr Accounts receivable—Oakley Co. $2,100

Explanation:

Feb 01

(To record write off accounts receivables)

June 05

(To record reinstatement accounts receivable)

June 05

(To record receipt from accounts receivable)

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Oakwood Primary Care Clinic is considering a capitation arrangement with a managed care organization in which the clinic would p
lutik1710 [3]

Answer:

5000

Explanation:

Oakwood Primary Care Clinic is considering a capitation arrangement with a managed care organization in which the clinic would provide services to 1,500 members at $100 per member per month. Variable costs are projected at $200 per clinic visit, and fixed costs for the agreement are $800,000. Breakeven point in volume of clinic visits is 5000.

6 0
4 years ago
On January 1, 2019, Stronger Industries issued $480,000 of 9%, five-year bonds that pay interest semiannually on June 30 and Dec
Katena32 [7]

Answer:

Journal Entry to record the first interest payment

June 30, 2019

Dr. Interst Expense $19,979.32

Dr. Premium on Bond $1,620.68

Cr. Cash $21,600

Explanation:

First, we need to calculate the premium on bond amortization as follow

Premium on bond amortization = Coupon Payment - Interest Expense

Premium on bond amortization = ( $480,000 x 8% x 6/12 ) - ( $499,483  x 8% x 6/12 )

Premium on bond amortization = $21,600 - $19,979.32

Premium on bond amortization = $1,620.68

4 0
3 years ago
You are a manager who has run into some conflict between two of your departments. Both departments are overworked and complainin
navik [9.2K]

Answer:

Collaboration.

Explanation:

Collaboration is the process by which two or more people or group's come together to achieve a particular goal. It usually needs leadership to guide it's activities, and is similar to cooperation.

The departments are complaining and saying the other one has it easy. Bother departments are functioning independently.of one another and so cannot understand the unique challenges faced by the other team.

When they collaborate they pool their resources together to achieve more. They also get to understand the pain points of the other department and this helps foster a good work environment.

4 0
4 years ago
Carver Incorporated purchased a building and the land on which the building is situated for a total cost of $700,000 cash. The l
Ne4ueva [31]

. The amount of the purchase cost that should be allocated to the land and building are as follows:

Land = $233,750

Building = $701,250

The company would not recognize a gain on the purchase but uses the appraised values to determine the costs to be allocated to the two assets.

c. Statements model:

 Balance Sheet                           Income   Statement                Statement of

                                                                                                       Cash Flows

Assets = Liabilities + Equity    Revenue - Expenses = Net Income

Cash            Land       Building  

($935,000) $233,750  $701,250  $0  -      $0          =       $0     ($935,000) IA

d. General Journal

Account Titles                   Debit       Credit

Land                             $233,750

Building                        $701,250

Cash                                              $935,000

<h3>Is a debit money in or out?</h3>

When your bank account is debited, money is taken out of the account.

The opposite of a debit is a credit, in which case money is added to your account.

Learn more about debit and credit here:

<h3>brainly.com/question/14283668</h3><h3 /><h3>#SPJ4</h3>
6 0
2 years ago
A union can achieve higher wages without accepting lower levels of employment of members by promoting right-to-work laws. beginn
Misha Larkins [42]

Answer:

Promoting right to work laws.

Explanation:

This is situation where by laws are put in place to stop firm from hiring alternative supply of labour so as to increase monopolistic power on wage determinant and increase of employment opportunities through unionism.

8 0
3 years ago
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